Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-19.58%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.74%
baseline attrition
Rally response
-6.67%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BALTInnovator Defined Wealth | $47M | 16.8% | — | 0.8 yr |
| DDFNInnovator Equity Dual Di | $41M | 14.7% | — | 0.3 yr |
| SGOViShares 0-3 Month Treasu | $30M | 10.8% | — | 2.3 yr |
| EFAAInvesco MSCI EAFE Income | $12M | 4.4% | — | 0.5 yr |
| IWMiShares Russell 2000 ETF | $9M | 3.3% | — | 1.3 yr |
| SPYINeos S&P 500(R) High Inc | $9M | 3.2% | — | 1.0 yr |
| GLWCorning Incorporated | $7M | 2.7% | +201.5% | 0.5 yr |
| RYEInvesco S&P 500 Equal We | $7M | 2.4% | — | 0.3 yr |
| NVDANVIDIA Corporation | $6M | 2.3% | +60.9% | 4.3 yr |
| JEPIJPMorgan Equity Premium | $6M | 2.1% | — | 3.5 yr |
| HWMHowmet Aerospace Inc. | $6M | 2.0% | +78.1% | 1.0 yr |
| JEPQJPMorgan Nasdaq Equity P | $5M | 1.9% | — | 3.0 yr |
| GOOGLAlphabet Inc. | $5M | 1.8% | — | 2.0 yr |
| CATCaterpillar Inc. | $5M | 1.7% | +117.8% | 0.3 yr |
| GEGE Aerospace | $5M | 1.7% | +42.5% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management55.0%+51.5pp$153M
Asset Management - Bonds11.0%-21.1pp$31M
Asset Management - Income7.4%-11.0pp$21M
Aerospace & Defense5.5%+3.2pp$15M
Semiconductors3.6%+1.3pp$10M
Hardware, Equipment & Parts2.7%$7M
Internet Content & Information2.1%+0.0pp$6M
Agricultural - Machinery1.7%$5M
Engineering & Construction1.6%$5M
Financial - Capital Markets1.4%-0.3pp$4M
Country
US98.7%-1.3pp
IE0.5%
SG0.3%
Unknown0.2%
CN0.2%
CA0.2%
Top 5: 50.0% · Top 10: 62.6% · Top 25: 83.2%
Top buys this quarter · 15
| CAT Caterpillar Inc.new | +$5M |
| MU Micron Technology, Inc. | +$3M |
| MRK Merck & Co., Inc.new | +$1M |
| TPL Texas Pacific Land Corporationnew | +$1M |
| AMGN Amgen Inc.new | +$1M |
| KO The Coca-Cola Companynew | +$1M |
| MTB M&T Bank Corporationnew | +$1M |
| BMNR Bitmine Immersion Technologies | +$1M |
| QXO QXO, Inc.new | +$0M |
| WMT Walmart Inc. | +$0M |
Top sells this quarter · 15
| RTX RTX Corporation | −$11M |
| UI Ubiquiti Inc.exit | −$7M |
| JPM JPMorgan Chase & Co. | −$6M |
| APH Amphenol Corporationexit | −$6M |
| PLTR Palantir Technologies Inc.exit | −$6M |
| AMZN Amazon.com, Inc. | −$5M |
| NRG NRG Energy, Inc.exit | −$5M |
| AXP American Express Company | −$4M |
| AVGO Broadcom Inc.exit | −$4M |
| CRWD CrowdStrike Holdings, Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $279M | 80 | +60.13% | +17.59% | +42.54% | -0.03B |
| 2025-12-31 | $292M | 94 | +64.05% | +17.72% | +46.33% | -0.01B |
| 2025-09-30 | $301M | 93 | +78.30% | +17.52% | +60.79% | -0.03B |
| 2025-06-30 | $291M | 71 | +84.63% | +14.94% | +69.69% | +0.05B |
| 2025-03-31 | $189M | 39 | +42.64% | +8.30% | +34.33% | -0.01B |
| 2024-12-31 | $190M | 29 | +29.73% | +24.89% | +4.84% | -0.03B |
| 2024-09-30 | $194M | 33 | +28.10% | +36.04% | -7.94% | -0.04B |
| 2024-06-30 | $196M | 16 | -1.69% | +24.49% | -26.19% | +0.00B |
| 2024-03-31 | $192M | 21 | +7.60% | +29.62% | -22.02% | +0.13B |
| 2023-12-31 | $66M | 12 | +21.10% | +26.18% | -5.08% | -0.05B |
| 2023-09-30 | $106M | 14 | +13.36% | +21.57% | -8.21% | +0.01B |
| 2023-06-30 | $106M | 13 | +18.33% | +19.42% | -1.10% | -0.00B |
| 2023-03-31 | $97M | 16 | -5.34% | -7.82% | +2.48% | +0.04B |
| 2022-12-31 | $54M | 25 | +2.11% | +7.56% | -5.46% | +0.00B |
| 2022-09-30 | $48M | 26 | -4.14% | -4.93% | +0.78% | -0.03B |
| 2022-06-30 | $84M | 39 | -12.24% | -16.11% | +3.87% | -0.01B |